A monitor shows stocks rallying while a trader talks on a phone on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Is It A Good Time To Invest In Madras Fertilizers? #AskBQ

#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.

In today’s episode, Sharmila Joshi, an independent investment adviser, and Sameet Chavan from Angel Broking, share their investment tips and advice on RBL bank, exiting from Tata Chemicals and investing in the fertilizer sector.

Watch the full conversation here:

Here are the edited excerpts from the conversation:

Shiva Kumar: What is the best price to enter RBL bank? I wish to hold it for 10 years.

Sharmila Joshi: I would recommend one to buy this stock in a staggered manner, maybe 10 shares at the current price.

Ravi Shankar: Can I buy Tata Chemical at Rs 692 with a six-month view? Is it the right time to make a fresh entry?

Sameet Chavan: One should avoid buying it at the current levels.  In the short-term view ,one could expect under-performance where the stock could head towards Rs 670.

Bharat Ghanwani: What is the long-term view on Whirlpool Of India?

Sharmila Joshi: This is a stock one should hold on to. The stock looks good at the current valuation.

Akash Agarwal : I bought 5,000 shares of NBCC at an average price of Rs 99 for long term. What should I do?

Sharmila Joshi: :Stocks in this sector are good around the election year. One should hold on to the stock and keep a target of Rs 115-120.

Rahul Nayak: I have 2,000 shares of Future Consumer Enterprise Ltd. at Rs 72. Can I average now? Or can hold it for over a year?

Sharmila Joshi: I would recommend one should exit from Future Consumer.

Krish: What is your advice on Allcargo Logistics at Rs 160 for long term? At what price can I average it?

Sameet Chavan: I am not sure if one can average it out. Any bounce back from the current level to Rs 130-140 would be an exit opportunity.

Naveen: Is it a good time to buy Madras Fertilizer with a long term view?

Sharmila Joshi: The stock seems to look decent. Going for investment in public fertilizers makes sense with the MSP news and the monsoons.

Analysts’ Disclosure:

Both Sharmila Joshi and Sameet Chavan might have recommended some of the stocks discussed in the show to their clients.

Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.

Quintillion Business Media Pvt. (BloombergQuint) is not responsible for any risk or loss that might occur as a result of using this information in any way, regardless of your interpretation of the advice.

BloombergQuint’s digital and social media platforms provide views of only SEBI registered investment advisors/analysts.